How much taxes are due on lotto winnings?

August 15, 2003

From:  D.
Date:  Wed, 16 Jul 2003
Subject:  Pick 4

My friend just won $40,000 in pick 4. How much taxes will he have to pay?

Answer

Date:  Fri, 01 Aug 2003

Hello D.,

Your friend should visit a tax advisor and pay that person to get this information.

Good luck!
Mike Gray

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